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Singapore private home prices dip 0.3% in Q2

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Private home prices in Singapore declined 0.3% in Q2 2017 easing slightly from the 0.4 per cent drop in the first quarter, according to flash figures released on Monday (July 3) by the Urban Redevelopment Authority (URA). This means that overall private housing prices have fallen for 15 straight quarters, or since the fourth quarter…

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URA cuts minimum period for staying in private homes

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The minimum period for staying in private homes has been shortened from 6 months to 3 months, says URA today. The revision takes immediate effect and applies to all private residential properties. Short-term stays of less than three consecutive months, such as those facilitated through home-sharing platforms, continues to be disallowed. The decision follows a public consultation…

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Property cooling measures remain necessary, says MAS

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MAS said the property cooling measures remain necessary given that the demand for private residential properties continue to be firm amid a persistently low interest rate environment and foreign investors looking for good yields. MAS managing director Ravi Menon revealed that private home prices dropped by almost 12% during the last 14 quarters after increasing…

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Land supply raised for second half of the year

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More development sites will be available to meet the demand for land but analysts warn that the supply may not be enough to satisfy developers who aggressively bid for sites recently. There are 16 sites on the Government Land Sales programme for the second half of the year. These can yield up to 8,125 private…

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URA releases 2 prime sites for sale

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URA releases two prime sites for sale on Friday (June 30) at Fourth Avenue (Near Beauty World MRT) and Jiak Kim St (Near Tan Kah Kee MRT). They can potentially yield about 970 private homes. Developers can trigger the tender of these sites if they indicate interest with bid commitments acceptable to URA. Government announced it was raising the supply…

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